This listing includes AI condition scoring, neighbourhood intelligence, and market valuation data — giving you a complete picture before you visit. Compare rental yield, price per square metre, and location strength against the broader Portuguese market to assess whether this property fits your investment strategy.
4-bedroom, 2-bathroom apartment of 131 m² on the 1st floor, built in 1996, energy rating C. Located on rua João Maria Jales, 18, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. Noteworthy Features: The living room's fireplace adds warmth and charm, while the dual balconies enhance outdoor living and natural light throughout the apartment.
The valuation. The asking price of €350,000 is below the fair value of €385,433, representing a difference of €35,433 (9.2%). Overall, the property is priced fairly. Buy-to-flip angle. The buy-to-flip strategy would involve making value-added renovations to enhance the property’s appeal and facilitate a profitable resale at a higher market price. Buy-to-let angle. With an estimated gross yield of 4.5% (~€1,312/month), the rental income strategy focuses on securing long-term tenants while maintaining the property’s quality.
Fair value modelled at €385,433 from 6 comparable sales in the area. Asking €350,000 sits €35,433 (9.2%) below — the upside to fair value.
Asking €350,000 versus the rua João Maria Jales, 18 area baseline of €304,388 (€2,324/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €304,388, adjusted for condition and micro-location, gives a modelled fair value of €385,433 (€2,942/m²), a €35,433 (9.2%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua João Maria Jales, 18 | Subject | €350,000 | €2,672 | — | 72 | 53 |
| Setúbal (São Sebastião) · 96c699 | Active | €290,000 | €3,021 | 13.1% | 74 | 46 |
| Setúbal (São Sebastião) · 1f3545 | Active | €270,000 | €2,813 | 5.3% | 74 | 46 |
| avenida Luísa Todi | Active | €340,000 | €3,656 | 36.8% | 75 | 56 |
| largo José Joaquim Cabecinha, 17 | Active | €270,000 | €2,368 | 11.4% | 70 | 53 |
| Median comp | €280,000 | €2,917 | 9.2% | 74 | 50 |
Long-term rental The property offers a gross yield of 4.5%, which is reasonable for the current market conditions in Setúbal. However, with the neighborhood rating at 53/100, tenant quality may fluctuate, impacting long-term stability and returns. Buy-and-hold Given that the fair value is slightly higher than the listing price, this investment can generate consistent cash flow but lacks significant appreciation potential in the near term. The semi-rural location with industrial influences suggests a stable, yet not rapidly appreciating asset. Value-add renovation While the property is listed at a fair price, the condition rating of 76/100 indicates that some enhancements could improve its desirability. The potential for a value-add renovation may lead to slightly better returns, but it must be weighed against the risk of a slow-growing neighborhood. Not ideal for short-term rental Due to the semi-rural location and moderate neighborhood appeal, short-term rental prospects are unlikely to yield competitive returns. The influence of nearby industrial activity may deter vacationers, leading to lower occupancy rates. Not ideal for luxury market This property does not align with luxury market expectations given its average neighborhood rating. The overall economic and amenity profile suggests limited appeal to high-end renters or buyers, making this strategy less viable.
Tenant default risk With a tenant stability score of 55/100, there is a significant risk of tenant defaults that could impact cash flow.
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